Torchlight Energy Resources, Inc. announced that the Company has initiated the drilling phase of the University Maverick A24 #1 well in its Orogrande Basin drilling program with operator Maverick Operating and drilling partner Wolfbone Properties. The A24 #1 will be drilled to vertically test the “structural high” theory of Project Geologist Rich Masterson. The estimated depth of the well could be up to 7,500 feet, should the structural high theory prove valid once the unconformity is reached at the top of the Penn Silt package. If so encountered, the Company will continue to drill through the Penn Silt Package and down into potential conventional zones deeper than the Penn formation. During the drilling phase of the previous wells in the immediate area, Masterson noted that the formations were showing an increase in dip, thus pointing towards a structural high /four way trap. If conclusive, this trapping mechanism would provide for excellent pay opportunities in the deeper conventional zones. If the A24 #1 is not structurally high, the drilling will be completed in the Penn Section providing for completion potential in that formation and shallower Wolfcamp zones. Concurrently, the Company will begin testing the previously drilled A39 #1 and A11 #2 wells. The logs and cores have been evaluated and show excellent oil zones in both wells.